Bank Negara Malaysia (BNM) has released a statement via their Facebook page that the Malaysia Gold Foil banknotes are prohibited under the Central Bank of Malaysia Act 1958. This is due to the sale of the various denomination (especially RM100) of the Ringgit Malaysia notes gold by public.
Many of my have asked me before about this banknote but I don't reply because I try to focus on coins and in my opinion they're many BNM staff who already knew about this because I can see some of them in the Facebook group which sell the gold foil Malaysia Ringgit. I also think and believe many Malaysian already knew that the notes are fakes (not officially produce by Bank Negara) and it is a waste of money to buy the gold foil notes. When one of my blog reader ask me to give my opinion again about the notes, I agree to share my opinion in Facebook.
I was a little bit surprised when many of my readers who share and talk about the notes believed that Bank Negara Malaysia has produced the notes as a commemorative banknotes.
A few hours later, Bank Negara Malaysia released their statement in Facebook about the fake notes:
This is in reference to the "Gold Plated Ringgit Malaysia" being sold to members of the public through various online platforms and websites.
Bank Negara Malaysia would like to state that the act of reproducing any Malaysian currency notes and coins, or using any photograph, drawing or design resembling any Malaysian currency note or coin, in any advertisement, merchandise or products without the express permission of Bank Negara Malaysia is prohibited under the Central Bank of Malaysia Act 1958.
Bank Negara Malaysia views this matter seriously and urges all parties including members of the public not to participate or be involved in any sale and purchase of the "Gold Plated Ringgit Malaysia".
I am surprised because if you try to google "Malaysia gold foil Ringgit" or "Malaysia gold banknote" and look under the images section of the Google search, you can easily find where do the people actually buy the notes. The dealer in Malaysia buy them for a few cents and sell them to their customer for around RM40 a piece.
These cheap gold foil notes can easily damage and will be damaged after certain period.
In my opinion, Bank Negara Malaysia should monitored the selling of coins and banknotes in the market itself. Maybe go to Amcorp Mall flea market once a while to look for prohibited items which is being sold in the market. Fake old ringgit notes, fake 10 sen 1971 and also some fake commemorative coins are already in the market nowadays. For new collectors, they think that the fake things might not be forbidden since it has been sold for many years in the market.
To all Malaysia Gold Foil banknote sellers you need to remember, banknote images are subject to specific rules governing reproduction, which vary by country. It is an offense to sell fake notes in Malaysia which you can be fined or jailed.
A rare Henry VII Gold Sovereign sold for £372,000 (inc. premium) in Spink and Son second December coin sale on 17th and 18th December 2014. It is held over two days with ancient Greek, Roman, Islamic and modern world coins on the first day, and Anglo-Saxon, Medieval, Tudor and Stuart English coins as well as a few Scottish and Irish coins, and modern British coins and medals on the second day.
The gold Sovereign still issued every year by the Royal Mint was introduced by Henry VII from 1489 so called as the design showed the King in all his majesty - worth one pound as it still is nominally.
Victor of the Battle of Bosworth, Henry VII, 1485-1509, issued the auction highlight (Lot 540). This type III sovereign, a masterpiece of renaissance art, the coin estimate is between £120,000-160,000.
Henry VII (1485-1509), Sovereign, 15.37g, Tower mint, type III, m.m. dragon, king seated on high-backed embellished throne, greyhound and dragon on side pillars, fleur-de-lis dispersed in field, rev. shield on Tudor rose surrounded by alternating lis and leopards, all within pelleted and solid line tressure (SCBI 23 Ashmolean, No.78, Pl. VI; Schneider 549, Pl. 51 - same dies; Stewartby type C, p.421; N.1691; S.2174.
Another highlight is the 'fat face' sovereign of Henry VIII's third coinage (Lot. 541), sold for £360,000 (inc. premium) far exceed it estimate £120,000-150,000. This piece boasts a remarkable provenance first being recorded in the 1854 Cuff sale and passing through eminent hands such as Lord Hastings, Bernard Roth, and finally the Ryan collection. Indeed this is the first time at auction since the Ryan sale, a gap of 64 years.
Henry VIII (1509-47), third coinage 1544-47, Sovereign, 12.87g, Tower mint, type I large module flan at 198.58 grains, m.m large lis, king with larger face seated on straight sided throne, Tudor rose below, rev. crowned shield with lion and dragon supporters, hr monogram in cartouche below (Schneider 607, pl. 56; Stewartby p.519; Whitton dies A/a, Pl. III; N.1823; S.2289).
Catalogues can be accessed through the Spink website (www.spink.com) or via the Spink App for iPhone and iPad.
Stack Bowers has announce the sale of German Crowns and Talers in The Rockaway Collection Part II as part of its New York International Numismatic Convention (NYINC) auction, held January 9-10 and 12, 2015. The collection consists of nearly 300 coins, primarily crowns and talers from Germany. A wide range of principalities, cities, states, duchies and bishoprics are represented. Among the coins are examples that are the finest certified for their respective types by the Numismatic Guarantee Corp.
The collection was assembled over several decades, from the 1960 to the 1990s, and the collector’s fascination with history — particularly European, American and Chinese — led to the formation of several important collections. After the collector’s recent passing, Stack’s Bowers Galleries was contacted by his family, who worked with Vicken Yegparian, vice president of numismatics. “The collection came in with the coins in old paper envelopes,” said Yegparian. “After the consignment was written up, I realized that not only was the breadth of the collection impressive, but many of the coins were in superlative condition.” Richard Ponterio, executive vice president added, “Not since our offering of The John S. Davenport Collection has there been such an impressive array of German crowns and talers. We are honored to present this collection to the current generation of numismatists, and are certain the coins will attract spirited bidding.”
“German coins are a very widely collected series,” noted Kent Ponterio, senior numismatist and consignment director at Stack’s Bowes Galleries. “The wonderful thing about this collection is that even with such an impressive assortment, the majority of the coins presented are within the budget of a large number of collectors. Large-size Mint State coins from the 17th and 18th centuries can be had for under a thousand dollars, in some cases. In addition, The Rockaway Collection also contains many important rarities, which will appeal to serious specialists of German coins.”
Very Rare Bavaria Taler, 1657. Dav-6097; KM-300. NGC MS-62. Finest certified.
Superbly Toned Brandenburg-Bayreuth Taler, 1671. Dav-6273; KM-80. NGC MS-65. Finest certified.
Very Rare Brandenburg-Bayreuth Taler, 1712-PPW SR. Dav-2031; KM-131. NGC MS-64. Beautiful and classic design.
Impressive Medallic Brunswick-Wolfenbuttel Taler, 1702. Dav-2931; KM-641; Welter-2073b. NGC MS-61. Very rare. Allegorical scenes depict political strife in Brunswick following death of Augustus the Younger.
Beautiful Eichstatt Taler, 1757-MF. Dav-2208; KM -75. Sede Vacante issue. NGC MS-67*. Absolute finest graded by NGC, by three points.
Very Rare Proof Frankfort 2 Gulden, 1849. Dav-645; KM-341.1. NGC Proof-64. One of only 200 struck.
Exceptional Quality Fulda Taler, 1672. Dav-5316; KM-17. NGC MS-66. Very rare. Museum quality.
Prooflike Nurnberg Taler, 1711-GFN. Dav-2475; KM-275. NGC MS-64PL. Finest certified.
Museum Quality Prussia Taler, 1701-CS. Dav-2554a; KM-16. NGC MS-64. Rare, finest certified.
Rare Gem Saxony Albertine Line 2 Taler, 1733. Dav-2663; KM-872; Schnee-1023; Kahnt-620a. NGC MS-65. Struck to commemorate the death of Friedrich August I.
Well Struck and Lustrous Saxony Albertine Line Taler, 1696-IK. Dav-7653; KM-675; Schnee-987. NGC MS-64. Very Rare, struck to commemorate the birth of the Prince-Elector. Complex city view design.
Very Rare Commemorative Saxe-Weimar Taler, 1654. Dav-7545; KM-34; Schnee-404. NGC MS-63. Struck to commemorate the assumption of the Rectorship of Jena University by Duke Bernhard of Saxe-Weimar.
Rare and Desirable Trier Taler, 1715. Dav-2824; KM-218. NGC MS-64. Struck on the death of the Archbishop.
Very Rare Commemorative Proof Wurttemburg 3 Mark, 1916-F. KM-638. NGC Proof-63. One of the rarest silver minor coins of the era.
Aside from The Rockway Collection, the Stack’s Bowers Galleries Official Auction of the NYINC includes many other important collections, including The Ray Czahor Collection of Philippine Countermarked Coinage, The Stanley Aberdeen Collection, The John Adams Collection of Spanish Colonial Proclamation Medals, The Ancient Coins From The Richard Aghababian Collection, and further selections from The Demarete Collection. Other important properties include a fine selection of Spanish and American Administration Philippines coins, gold coins of Brazil, a wide range of coins from Russia, and a specialized collection of Judean coins.
For more information on this sale you can visit Stack’s Bowers Galleries website stacksbowers.com.